David Baskin
Member since: Feb '01
President at
Baskin Wealth Management
Baskin Wealth Management
4534 Opinions
Latest Top Picks
(A Top Pick Jan 22/19, Up 9%) A steady eddy, though not keeping up with the market. It's trading at the lowest price to book value in a long while. Buffett's successor is solid. They hold good companies. Not worried.
(A Top Pick Jan 22/19, Up 10%) Competition has since gotten fierce, so he sold it. It's still a good sector because of growing demand from Asian tourists. He made some money.
(A Top Pick Jan 22/19, Up 18%) A yield stock, good for his income clients. BCE is great for this as opposed to a growth stock like Google.
It's oversold. Investors felt they paid too much on hockey TV rights, and they took a hit on their unlimited data plans. But there's demand for more and more data. It's a good entry point now. (Analysts’ price target is $69.39)
It's the top concert venue and ticketing company in the world. He believes heavily in experiental consumerism, like concerts. LYV is perfect for this. (Analysts’ price target is $76.85)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
December 3, 2019
We've had three down days in a row. Trump can't have a day without getting into the headlines. Today, he's screwing up world markets by slapping tariffs on Brazil, Argentina and France, on top of the US-China trade deal in progress. Google is up after changing leadership today with the two founders staying on the board. Not a surprise and won't change Alphabet much. BMO just announced deep job cuts of 4% of the workforce; he doesn't know the details yet and it's his least-favourite bank (doesn't own it). He suspects the layoffs presage bad earnings.
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We've had three down days in a row. Trump can't have a day without getting into the headlines. Today, he's screwing up world markets by slapping tariffs on Brazil, Argentina and France, on top of the US-China trade deal in progress. Google is up after changing leadership today with the two founders staying on the board. Not a surprise and won't change Alphabet much. BMO just announced deep job cuts of 4% of the workforce; he doesn't know the details yet and it's his least-favourite bank (doesn't own it). He suspects the layoffs presage bad earnings.
DON'T BUY
DON'T BUY
December 3, 2019
He sold his shares, tired of disappointing earnings. They ran into inventory and costing problems.
Show full opinionHide full opinionHe sold his shares, tired of disappointing earnings. They ran into inventory and costing problems.
misc industrial products
BUY
BUY
December 3, 2019
RY vs. TD He owns more TD, like its American footprint and are getting out of online brokerages which has shrinking margins, so that was a good deal. Both are solid, but we'll see what their earnings are like. RY has 12x forward earnings, while the S&P is 17x--this means a safe margin.
banks
COMMENT
COMMENT
December 3, 2019
What stocks to include in legacy investing long-term for a child? Insurance companies which take a very long view, like life insurance policies. Those companies have to invest their premiums for 50-60 years. Brookfield and Berkshire invest in infrastructure, proprty and renewable utilities, which have very long lives; this isn't quick-hit investing. Think like those companies.
Show full opinionHide full opinionWhat stocks to include in legacy investing long-term for a child? Insurance companies which take a very long view, like life insurance policies. Those companies have to invest their premiums for 50-60 years. Brookfield and Berkshire invest in infrastructure, proprty and renewable utilities, which have very long lives; this isn't quick-hit investing. Think like those companies.
PARTIAL SELL
PARTIAL SELL
December 3, 2019
The big grocers have done well. Surprising, because competition is coming from Amazon and even Shoppers Drug Mart with automation. Grocers are a low-margin business. Grocery stocks have run up, so take some profits.
The big grocers have done well. Surprising, because competition is coming from Amazon and even Shoppers Drug Mart with automation. Grocers are a low-margin business. Grocery stocks have run up, so take some profits.
food stores
BUY
BUY
December 3, 2019
Call of Duty, their big game, has enjoyed the fastest launch ever. Big bucks. ATVI fell out of favour with Fortnite, but this is a huge industry with big legs. He likes ATVI and now is a good entry point.
Show full opinionHide full opinionCall of Duty, their big game, has enjoyed the fastest launch ever. Big bucks. ATVI fell out of favour with Fortnite, but this is a huge industry with big legs. He likes ATVI and now is a good entry point.
computer software/processing
BUY
BUY
December 3, 2019
TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.
oil/gas pipelines
COMMENT
COMMENT
December 3, 2019
Do you use stop losses and when do you use them? Not at all. The reason is the last two days. For example, if you own a high-quality stock like Apple, you could get sold out of it when you don't want to, like Trump says something stupid and the stock drops, but rises again. He is an investor, not a speculator. Sure, some traders use stop losses for their benefit. But for a long-term investor, the risk of using a stop loss is too risky. Also, you'll have to pay capital gains on any stop loss sale.
Show full opinionHide full opinionDo you use stop losses and when do you use them? Not at all. The reason is the last two days. For example, if you own a high-quality stock like Apple, you could get sold out of it when you don't want to, like Trump says something stupid and the stock drops, but rises again. He is an investor, not a speculator. Sure, some traders use stop losses for their benefit. But for a long-term investor, the risk of using a stop loss is too risky. Also, you'll have to pay capital gains on any stop loss sale.
PAST TOP PICK
PAST TOP PICK
December 3, 2019
(A Top Pick Jan 22/19, Up 9%) A steady eddy, though not keeping up with the market. It's trading at the lowest price to book value in a long while. Buffett's successor is solid. They hold good companies. Not worried.
Show full opinionHide full opinion(A Top Pick Jan 22/19, Up 9%) A steady eddy, though not keeping up with the market. It's trading at the lowest price to book value in a long while. Buffett's successor is solid. They hold good companies. Not worried.
insurance
PAST TOP PICK
PAST TOP PICK
December 3, 2019
(A Top Pick Jan 22/19, Up 10%) Competition has since gotten fierce, so he sold it. It's still a good sector because of growing demand from Asian tourists. He made some money.
Show full opinionHide full opinion(A Top Pick Jan 22/19, Up 10%) Competition has since gotten fierce, so he sold it. It's still a good sector because of growing demand from Asian tourists. He made some money.
department stores
PAST TOP PICK
PAST TOP PICK
December 3, 2019
(A Top Pick Jan 22/19, Up 18%) A yield stock, good for his income clients. BCE is great for this as opposed to a growth stock like Google.
telephone utilities
DON'T BUY
DON'T BUY
December 3, 2019
Why is the dividend flat? Because they paid a lot for a consulting group. He sold his shares a year or so ago. It's an economically sensitive stock; executive placements dry up in downturns.
Show full opinionHide full opinionWhy is the dividend flat? Because they paid a lot for a consulting group. He sold his shares a year or so ago. It's an economically sensitive stock; executive placements dry up in downturns.
mngmnt/diversified
DON'T BUY
DON'T BUY
December 3, 2019
They're caught in a competitive space to deliver parcels, an exploding business; Amazon is now competing. FedEx has an enormous fleet of trucks, planes and vans. The sector is slightly economically sensitive. Maybe steer clear of this for now. No, it won't blow up, because consumer spending is strong, but there will be margin pressure.
They're caught in a competitive space to deliver parcels, an exploding business; Amazon is now competing. FedEx has an enormous fleet of trucks, planes and vans. The sector is slightly economically sensitive. Maybe steer clear of this for now. No, it won't blow up, because consumer spending is strong, but there will be margin pressure.
Transportation
BUY
BUY
December 3, 2019
He hates and loves it. Hates the software but loves the stock. It's really a utility, because you can't live without it, like electricity--and you keep paying for it (the cloud). There's huge money to be made in the cloud. And their software is used in every PC, constantly upgraded. A great company. You never need to sell it.
Show full opinionHide full opinionHe hates and loves it. Hates the software but loves the stock. It's really a utility, because you can't live without it, like electricity--and you keep paying for it (the cloud). There's huge money to be made in the cloud. And their software is used in every PC, constantly upgraded. A great company. You never need to sell it.
computer software/processing
COMMENT
COMMENT
December 3, 2019
They did huge business over American Thanksgiving which accounts for the recent spike. But it isn't proven in profitability, so he doesn't own it. Sure, he missed the huge run-up, but will miss the huge drop (if that comes). Are you into speculative stocks or more predictable ones with flatter returns?
Show full opinionHide full opinionThey did huge business over American Thanksgiving which accounts for the recent spike. But it isn't proven in profitability, so he doesn't own it. Sure, he missed the huge run-up, but will miss the huge drop (if that comes). Are you into speculative stocks or more predictable ones with flatter returns?
Comments
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